It is better to be an outcast, a stranger in one’s own country, than an outcast from one’s self. It is better to see what is about to befall us and to resist than to retreat into the fantasies embraced by a nation of the blind. Chris Hedges

Tuesday, August 04, 2009

In short, it says that half of Americans who carry health insurance do not claim anything. That it is only when you reach the 95th percentile that you find any appreciable costs - in this case: $11,487. It is the top one percent who are responsible for 22% of the costs. So far, so good.

But the insurance industry hedges against this one percent of policy holders by including convaluted and hard to understand questions in their application process. The health insurance underwriters will happily accept your premiums. But the minute you report cancer or some other high cost condition, a team from the company go over your quesionaire and application to see if you screwed up. Through this process half of all policies - in the 1% group - are cancelled.

Listen to this testomony on Capital Hill:

So President Obama promises health care for all Americans, but instead of universal care like systems found in Canada, New Zealand, or Britain, he proposes to deliver the care by subsidising the cost of health insurance. Only in America.